AEGON ASSET MANAGEMENT UK Plc Decreases Stock Position in Republic Services, Inc. (NYSE:RSG)

AEGON ASSET MANAGEMENT UK Plc trimmed its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 8.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,230 shares of the business services provider's stock after selling 19,534 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.06% of Republic Services worth $40,411,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RSG. TD Asset Management Inc boosted its position in Republic Services by 424.7% during the first quarter. TD Asset Management Inc now owns 1,722,107 shares of the business services provider's stock valued at $329,680,000 after buying an additional 1,393,918 shares during the period. Capital World Investors boosted its holdings in shares of Republic Services by 20.5% during the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider's stock worth $1,514,100,000 after purchasing an additional 1,346,588 shares during the period. M&G Plc purchased a new stake in shares of Republic Services during the first quarter worth about $130,892,000. International Assets Investment Management LLC boosted its holdings in shares of Republic Services by 83,671.9% during the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider's stock worth $108,183,000 after purchasing an additional 538,010 shares during the period. Finally, Earnest Partners LLC boosted its holdings in shares of Republic Services by 16.9% during the first quarter. Earnest Partners LLC now owns 1,262,519 shares of the business services provider's stock worth $241,697,000 after purchasing an additional 182,645 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Republic Services Stock Performance

RSG stock traded up $3.51 on Friday, hitting $211.59. The company had a trading volume of 1,011,911 shares, compared to its average volume of 1,126,649. Republic Services, Inc. has a 12-month low of $154.92 and a 12-month high of $213.25. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock's 50-day simple moving average is $203.32 and its 200 day simple moving average is $197.31. The stock has a market cap of $66.26 billion, a price-to-earnings ratio of 33.85, a P/E/G ratio of 3.17 and a beta of 0.70.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 EPS. As a group, equities research analysts expect that Republic Services, Inc. will post 6.24 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.10%. Republic Services's payout ratio is 37.12%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. William Blair initiated coverage on shares of Republic Services in a report on Thursday, October 3rd. They set an "outperform" rating for the company. Royal Bank of Canada increased their price target on shares of Republic Services from $211.00 to $219.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. Stifel Nicolaus increased their price target on shares of Republic Services from $215.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Oppenheimer raised their target price on shares of Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets raised their target price on shares of Republic Services from $209.00 to $211.00 and gave the company a "market perform" rating in a research note on Thursday, July 25th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Republic Services has an average rating of "Moderate Buy" and a consensus price target of $215.71.

Insider Activity

In other news, Director Tomago Collins sold 3,200 shares of the firm's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now directly owns 17,486 shares in the company, valued at $3,549,832.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company's stock.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.